Comments due on CVFI performance framework

BVWireIssue #191-4
August 22, 2018

fair value for financial reporting
AICPA, fair value, fair value measurements

The AICPA is launching the Certified in Valuation of Financial Instruments (CVFI) credential, and an exposure draft of a “performance framework” has been issued (dated Aug. 13, 2018) that establishes parameters of documentation requirements. Comments are due September 17. This new credential is for CPAs and non-CPAs and will involve training, an exam, and ongoing quality control. Designed to be global in nature, it will embody not just U.S. GAAP, but international standards as well, such as IFRS. For more information, the AICPA has set up a special page that includes links to the exposure draft and a sign-up form so that you can get future alerts as the credential develops.
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